Nearly R5 bn in trade deals for Cape Town in 2018/19

JOHANNESBURG, May 2 (ANA) - The Western Cape's trade promotion agency Wesgro said on Thursday it had helped secure R4.98 billion in trade declarations on behalf of the province and its capital Cape Town during the 2018/19 financial year.

Wesgro says its international trade team also assisted in landing R381 million in outward foreign direct investment into the rest of Africa by Western Cape companies during the period.

During the last quarter of 2018/19, the trade team hosted four export missions to France, the United Arab Emirates, Japan and Cameroon and also undertook a fact-finding mission to Saudi Arabia.

It also hosted a Halal-focused programme, where 32 companies participated.

"Growing Halal exports and accessing the more than US$1 trillion market abroad is a key strategic focus of the team, in line with the Western Cape Government’s Project Khulisa strategy," Wesgro said.

- African News Agency

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